Cae Inc (TSE:CAE) (NYSE:CAE) had its price objective reduced by analysts at Raymond James Financial, Inc. from C$23.00 to C$22.00 in a research note issued on Friday. The brokerage presently has a “market perform” rating on the stock. Raymond James Financial, Inc.’s target price suggests a potential upside of 4.22% from the stock’s current price.
Other research analysts have also issued research reports about the stock. Scotiabank increased their price target on shares of Cae from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Thursday, June 1st. National Bank Financial increased their price target on shares of Cae from C$23.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Thursday, June 1st. TD Securities lowered shares of Cae from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$23.00 to C$22.00 in a research report on Thursday, June 1st. Desjardins increased their price target on shares of Cae from C$23.00 to C$25.00 in a research report on Thursday, June 1st. Finally, Royal Bank Of Canada increased their price target on shares of Cae from C$20.00 to C$22.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 24th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of C$22.39.
Shares of Cae (TSE:CAE) traded down 1.37% during mid-day trading on Friday, hitting $20.82. The stock had a trading volume of 261,522 shares. The company has a market cap of $5.59 billion and a PE ratio of 22.44. The firm’s 50 day moving average price is $21.98 and its 200-day moving average price is $20.87. Cae has a one year low of $17.61 and a one year high of $22.86.
Cae (TSE:CAE) (NYSE:CAE) last posted its quarterly earnings results on Wednesday, May 31st. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.03. Cae had a net margin of 9.50% and a return on equity of 13.56%. The firm had revenue of $734.70 million during the quarter, compared to analyst estimates of $745 million. On average, equities research analysts anticipate that Cae will post $1.08 earnings per share for the current fiscal year.
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In related news, insider Andrew Arnovitz sold 2,125 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of C$21.76, for a total value of C$46,240.00. Also, Director Katharine Berghuis Stevenson sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of C$21.94, for a total transaction of C$329,100.00. In the last three months, insiders sold 20,250 shares of company stock valued at $445,059.
CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.
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